It depends on the capital and electricity costs. But I think it'll be too expensive, perhaps there are better chances for profits if you consider the possibility of mining some alts, as sugested before.
If you ask me which coin, there are people saying that ZClassic is profitable atm.
Topic: Is investing in mining still worth it? - page 5. (Read 12776 times)
Mining with altcoins is still worth it depending on which altcoin, mining bitcoins is in my eyes not really worth it anymore as fast mining method.
All this is BS talk. If you re capable to invest millions, then mining s something you should pursue since competition s really harsh. If not, if you d like to be a home miner, then build a few rigs and have fun, you ll probably make some money but this can't be your solid and constant source of income.
I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.
Well i am sure about that, but if you are serious will building a bitcoins mining solar power make sure you have got the informations about the maintenance of hardware solar panel, maybe on your country it is profitable because on in my friends experience it was not profitable because of cost maintenance of hardware solar panel. 
I agree, based on my experience since 2014, i never had a ROI in cloudmining. The company tends to shutdown even before I have my capital returned. With experience in mining, I think it depends on how much your electricity is. Cheaper electricity will be more likely to have profit while those that have an expensive electricity will never be able to maintain the mining operation. With regards to renting hashes, it depends on the profitability of the coins.
I had different experience with the CEX, they have not shut down their mining process but temporarily stopped but before I was reaching ROI. Fortunately, I have recovered 50% of my investment only even after selling all the altcoins, I got like namecoin (these were too got mined along with bitcoin mining). Hopefully, they will resume their services when bitcoin will be having $1000+ price levels.
Cloud mining is not even profitable cause most of them are just scam and doesn't really have a mining equipment.
Better try mining instead just make sure that you have the right equipment for it. Bitcons mining hardware is expensive.
So just mine some altcoins using cpu/gpu however mining will really cost your electrical bill a lot.
Better try mining instead just make sure that you have the right equipment for it. Bitcons mining hardware is expensive.
So just mine some altcoins using cpu/gpu however mining will really cost your electrical bill a lot.
I agree, based on my experience since 2014, i never had a ROI in cloudmining. The company tends to shutdown even before I have my capital returned. With experience in mining, I think it depends on how much your electricity is. Cheaper electricity will be more likely to have profit while those that have an expensive electricity will never be able to maintain the mining operation. With regards to renting hashes, it depends on the profitability of the coins.
Cloud mining is not even profitable cause most of them are just scam and doesn't really have a mining equipment.
Better try mining instead just make sure that you have the right equipment for it. Bitcons mining hardware is expensive.
So just mine some altcoins using cpu/gpu however mining will really cost your electrical bill a lot.
Better try mining instead just make sure that you have the right equipment for it. Bitcons mining hardware is expensive.
So just mine some altcoins using cpu/gpu however mining will really cost your electrical bill a lot.
I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.
It doesn't only look expensive, but building up a decent home level farm is indeed an expensive investment where you constantly need to invest into your farm due to the difficulty going higher and higher.If you don't keep adding extra gear from time to time, then you'll fall behind significantly where you'll have a hard time even getting 75% of your initial investment amount back.
What is your budget if I may ask? And at what hardware have you been looking? What country you're from?
I was interested in building a btc mining farm, a solar-powered one. It seems to be the future of mining. Unfortunately I can't find enough information about the price of it, but by the models that I see, it looks expensive.
Mining is worthful only when you have good hardware support and try to mine new altcoin rather going for old ones.cloud mining is worst so it is better that everyone should avoid it.anf if you do not have good hardware than forget about mining any coin ,it will only consume electricity.
But most of the people here doesn't have good hardware so it means that investing in mining is not going to be worth it at all. Because even you have good hardware, consumption of electricity is going to kill you. The monthly billing of your electricity is just the expenditures for your mining so that is not worth it at all, but it depends on your place if electricity there is cheap.
Mining is worthful only when you have good hardware support and try to mine new altcoin rather going for old ones.cloud mining is worst so it is better that everyone should avoid it.anf if you do not have good hardware than forget about mining any coin ,it will only consume electricity.
But most of the people here doesn't have good hardware so it means that investing in mining is not going to be worth it at all. Because even you have good hardware, consumption of electricity is going to kill you. The monthly billing of your electricity is just the expenditures for your mining so that is not worth it at all, but it depends on your place if electricity there is cheap.
No Bro Mining is Not Profitable Now Because the Halving of this Year Passed and the Reward For Solving a Bitcoin Block is Halved and Now it Doesn't Cover Your Expenses.....
So I Suggest You to Don't Try Out Mining And Instead Of Mining I Suggest You to Do Trading Of You Can Also Do Some Other Business But Don't Do Mining......
So I Suggest You to Don't Try Out Mining And Instead Of Mining I Suggest You to Do Trading Of You Can Also Do Some Other Business But Don't Do Mining......
Mining is worthful only when you have good hardware support and try to mine new altcoin rather going for old ones.cloud mining is worst so it is better that everyone should avoid it.anf if you do not have good hardware than forget about mining any coin ,it will only consume electricity.
Well if you try to invest in cloud-mining there will be big risk in your investment there are many cloud mining that turn into scam now a days just stay away from that.but if you plan to build your own mining farm or rig make sure that you have low cost of power or maybe free source of power and internet and that's way it will give you a nice return with your investment.
CLoudmining are just a waste of money and we should not really invest our money on it in the first place because they would surely end up on scam because they are just another ponzi site as we all know that are scams. Having your own mining farm is no joke because you would need huge amounts of money because asic miners are expensive and you should consider on the electricity cost on your country.
Its no joke really since the profit you can get is depends on which country are you at and also the maintenance fee of your miner aswell as the electricity cost might be higher rather your proifts if you are living in the country who gots huge electrical cost, and its not easy to start up if you are planning to build that since mining difficulty is even got difficulter, and ponzi cloudmining is just scam and we should not invest on them.
If you are going to invest in cloud mining then it's better to do gambling than to invest your money and earning from your own money it's like you are doing some stupid things in your life. If you can't really do some good things then you should atleast goo with tradings investment in mining is not profitable with cloud mining i swear.
Well if you try to invest in cloud-mining there will be big risk in your investment there are many cloud mining that turn into scam now a days just stay away from that.but if you plan to build your own mining farm or rig make sure that you have low cost of power or maybe free source of power and internet and that's way it will give you a nice return with your investment.
CLoudmining are just a waste of money and we should not really invest our money on it in the first place because they would surely end up on scam because they are just another ponzi site as we all know that are scams. Having your own mining farm is no joke because you would need huge amounts of money because asic miners are expensive and you should consider on the electricity cost on your country.
I don't think that investing in mining still worth cause maybe one day the site close and run with money like Hashocean.
Btw, the sites of cloud mining are totally risky
I prefer to make trades or gambling than investing in cloud mining sites .
Btw, the sites of cloud mining are totally risky
I prefer to make trades or gambling than investing in cloud mining sites .
Mining is different from virtual mining or cloud mining. Mining with your gpu are more legit that those cloud mining, but it won't be profitable anymore because the difficulty for each block increased.
And yes, it is better if you are going to invest with trading rather than these scam cloud mining sites, just avoid them.
So that your bitcoin will be secured and not turned to be donated.
Well if you try to invest in cloud-mining there will be big risk in your investment there are many cloud mining that turn into scam now a days just stay away from that.but if you plan to build your own mining farm or rig make sure that you have low cost of power or maybe free source of power and internet and that's way it will give you a nice return with your investment.
I don't think that investing in mining still worth cause maybe one day the site close and run with money like Hashocean.
Btw, the sites of cloud mining are totally risky
I prefer to make trades or gambling than investing in cloud mining sites .
Btw, the sites of cloud mining are totally risky
I prefer to make trades or gambling than investing in cloud mining sites .
Investing in cloud mining is not really work it's like your investing your money and then earning in your own money you are just playing with your money when you are deposited your bitcoin in cloud mining hmm i think it much more better if you are going to trade it is really profitable or invest your money in gambling like casino.
Investing in the cloud mining site will earn you money. But invest in the cloud mining will lose you lots of money.
Just simply stay away from those cloud mining websites, they are just getting the trust of people if will earn from them for a few times. But after while they don't have any aim to help you but just to scam you. Just learn the lesson from the past incidents of big and so called trusted cloud mining websites, simply learn man and stop investing in cloud mining.
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